InvestorsHub Logo
Followers 62
Posts 9562
Boards Moderated 0
Alias Born 03/29/2015

Re: JTORENCE post# 686951

Wednesday, 04/24/2024 5:45:52 PM

Wednesday, April 24, 2024 5:45:52 PM

Post# of 688952
Unless you think there is some hidden piece of news that is driving the drop, it's not really unsettling, just enervating.

I am taking advantage of this extended buying opportunity to buy in bits and pieces without breaking the bank, deferring credit card payments or doing anything else that is foolish. I've been able to substantially increase my position and a couple of days ago I bought at about 50 cents and now its 47 cents. So what? If my investing thesis is right, I'll be way past that, not to begrudge 3 cents here or there. If my investing thesis is wrong, I should get out now (I don't think I'm wrong, not in the medium run, anyway).

The market (which appears to consist mainly of existing retailers) seems to pricing in the idea that approval is not happening in April 2024 and probably won't happen in May 2024 so there is no FOMO that is causing people to mortgage their houses, get payday loans, borrow money, sell other 'quality' stocks etc. to raise large amounts to buy.

We've just had way too many 'last chances to buy cheap' for anyone to get excited here.

So, in the absence of news, and with Captain Obvious' share counter continuing to go up as NWBO gets money to keep the lights on, why would the price stay stable?

Instead, the share price will slowly get pulled down by gravity and while it might be buffeted briefly upward, with the absence of news, the tendency is to settle towards the ground.

Now if we are still this price in late May or early June 2024, then that is time to start talking about manipulation or at least be concerned there's some hidden shoe yet to drop that smart money knows about, because by that time, FOMO should start kicking in.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent NWBO News